Affordable urban housing is in short supply in Canadian cities such as Toronto and Vancouver, with the average cost of a house at around $900,000 and the average cost of a house in Vancouver over a million dollars. Many families are plunging into debt to buy their homes and others are moving out of the city altogether. This has led to unprecedented urban sprawl, putting pressure on cities’ infrastructure, and at a high cost to taxpayers.
In this CBC segment, John van Nostrand (Principal, SvN), Pamela Blais (Principal, Metropole Consultants) and Josh Gordon (Assistant Professor, Simon Fraser University) discuss how we got into this situation and what can be done about it.
Listen to the segment here.